Icot Corp has reported second quarter net losses of $731,000, against $75,000 profits last time, on turnover that fell 6.3% to $3.7m; mid-term net losses amounted to $4.3m, against $252,000 profits last time, after a $2.6m investment writedown in 1991, on turnover that fell down 12.0% at $7.0m.